Royal Caribbean acquires Silversea Cruises

Silversea Cruises' Silver Shadow 41bdba8e9d392e580486d746bdfbb73c
Silversea Cruises' Silver Shadow 41bdba8e9d392e580486d746bdfbb73c
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Silversea Cruises' Silver Shadow
Silversea Cruises' Silver Shadow

Royal Caribbean Cruises has completed its acquisition of ultra-luxury and expedition cruise company Silversea Cruises.

Regulators green-lighted Royal Caribbean's purchase of a 66.7 per cent equity stake in Silversea Cruises, based on an enterprise value of approximately US$2 billion.

Manfredi Lefebvre d'Ovidio will remain Executive Chairman of Silversea and retain a 33.3 per cent stake.

The companies also announced a multi-year initiative to enhance Silversea's ultra-luxury offerings. Enhancements range from product upgrades to magnified ship revitalisation programs.

With Silversea joining the RCL line-up alongside Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, TUI Cruises and Pullmantur Cruceros, the Royal Caribbean Cruises fleet now numbers 59 ships with an additional 15 on order.

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